Transit One Mall – undoubtedly a masterpiece'

[email protected] (Business Desk )
August 16, 2016

Thokkottu: NH-66 at Thokkottu will be altogether different, once Transit One Mall resumes all its services. A Mangaluru based Real Estate development firm Ecologic Habitat' is all set to revolutionize the idea of travelling on the Indian Highways with the concept of Transit oriented development.

transitone

Ecologic Habitat has established Transit One' First of the Transit series of theme based malls. It is strategically located on NH-66, Thokkottu the Southern gateway of Mangaluru city. The idea is to maximize the shopping access to public and private transport along this busy freeway that connects Kerala to Mangaluru, Goa, Mumbai and so on. It also caters to the Thokkottu region a fast growing sub-urb with numerous Educational and IT Organisations. The tag line Stop. Recharge. Restart' sums up the Transit experiences.

Situated on 40 cents of land with 50000 Sqft area of plush shopping experience , it addresses the need of the hour for towns like Thokottu, which otherwise would have to depend on nearby Mangaluru city to meet their routine shopping & recreational requirements. Transit One offers a wide range of Products Right from affordable mini Boutique stores to large drive in supermarkets, restaurants, food courts & social clubs & thus catering to all sections of the society. The external facade also has a large electronic display screen where one can showcase their ideas & brands. Promoters, of the project envisions Transit one to be “Small world of large Happiness”.

The visitors step into the level 1 by strolling across the external landscaped plaza, where they are welcomed by their favourite branded stores. Level 2 is the urban fashionista's delight where a wide range of trendy apparel & accessories catch your eye. Level 3 is what the Ecologic says is the modern version of the Old Indian Bazaar', where the local entrepreneurial spirit is at full display at the smaller boutique stores. When you are all done with the shopping, its time then to answer your gastronomic call & unwind at level-4 which offers an extensive variety of culinary options with the perfect ambience.

Ecologic Habitats, boasts of raking in the services of the best in industry to design & implement the project. Well Landscaped built environs is what the developers believe is at the core of their product portfolio. Services of a leading Bangalore based Landscape architect has been sought to breathe in Green into the entire shopping experience. Promoters believe that at Eco-Logic Habitats it's their commitment to add value to all their Buildings by breathing green into them. Ecologic Team says that it aspires to partner with a likeminded set of discernible clientele, so that it can add value to their investments by consistently delivering products that inspire.

Come 2018, Mangalore & Thokkottu will witness this new paradigm in travel & shopping. A journey of a thousand miles they say begins with a single step. Ecologic Habitats with this unique venture has taken the first step forward in right direction towards revolutionizing the shopping experience, with this out of the box; off the road' idea.

Assured Rental Returns:

Investors can avail shops starting from Rs.35 lakhs onwards with a guarantee of assured rental returns monthly with Loan facility.

For further details contact: Ecologic Habitats, Crystal Arc, 3rd Floor, Balmatta Road, Hampankatta, Mangaluru Email:[email protected] or www.ecologichabitats.com

Also Read:

Transit One: Well begun is half done

Transit One: Affordable Investment, now a 'Realty'.

Mangaluru: Construction work of Transit One mall at Thokkottu in progress

Transit-One' to set the stage for new era of mall culture in Mangaluru

Mangaluru's first theme-based mall 'Transit One' set for launch

Transit One: Heralding the concept of theme-based malls in Mangaluru

Comments

Mohammed SS
 - 
Wednesday, 17 Aug 2016

Happy to see, please keep all Goondas away otherwise this will close down very soon

Jabbar
 - 
Wednesday, 17 Aug 2016

wow happy to c our thokkottu getting classy mall. we want this kind of innovative builders.

Imthiyaz
 - 
Wednesday, 17 Aug 2016

Highly Professional. all the very best.

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News Network
March 19,2020

Bengaluru, Mar 19: The Karnataka government has extended the statewide coronavirus shutdown till March 31 as the number of positive cases rose to 14, of whom 11 are those who came in from foreign countries.

In an emergency Cabinet meeting, the state government set up a task force of four ministers to lead the defence against the virus. This core team will have Rs 200 crore to orchestrate the combat.

When chief minister B S Yediyurappa announced the shutdown last week, it was to be in force until March 21, but it was always unlikely that the Covid-19 scare would have waned by then.

Several more restrictions were announced today. Quarantine will be mandatory for all passengers arriving from foreign countries. While schools, colleges and business establishments will continue to be closed, restrictions have been extended to marriages, fairs and social functions as well.

Public entry to Vidhana Soudha, Vikas Soudha and the M.S. Building has been barred till March 31.

While setting up the task force, the government has earmarked Rs 200 crore for the coronavirus campaign. The chief minister said there is no dearth of funds for fighting the virus.

The task force will have deputy chief minister Ashwathnarayana, home minister Basavaraj Bommai, medical education minister Sudhakar, health and family welfare minister B Sreeramulu and chief secretary T M Vijaybhaskar.  Sreeramulu will head the task force.

The task force will monitor coronavirus cases on a daily basis and orchestrate the response of all stakeholders. It will issue a daily bulletin on the epidemic and also run awareness campaigns.

With quarantine now mandatory for passengers coming in foreign countries, community centres, hotels, convention centres, resorts and even PGs will be rented to accommodate the new arrivals.

The compulsory quarantine will be for 15 days.

A quarantine stamp will be imprinted on the right hand of passengers coming in from foreign countries.

Since the Centre has relaxed the rules for using SDRF funds, the state government will draw from it to contain the pandemic; therefore, there will be more funds available to all districts, chief minister B S Yediyurappa said in the Assembly.

In further measures, all passengers and suspected Covid-19 cases will be tracked by their mobile phones.

Primary stage

“We are in the first and second stages of the epidemic. The virus is still at a primary stage and has not spread to community level," medical education minister Sudhakar said in the Assembly.

"It is important that we do not let the epidemic enter the third stage. It is possible if we implement stringent measures. People have responded positively to the state government’s measures and are cooperating with our decisions," Sudhakar said.

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coastaldigest.com web desk
January 29,2020

Mangaluru, Jan 29: The Indian Coast Guard today commissioned a high-speed coast interceptor boat at New Mangalore Port here giving a fillip to the coastal security.

The water jet propelled Interceptor Boat C-448 (27.80 mts in length) has an endurance of 500 nautical miles at 20 knots.

The vessel fitted with latest state of the art navigation and communication equipment can achieve a speed of 45 knots. Thus, the vessel is designed for high speed interception, close coast patrol, low intensity maritime operations, maritime surveillance, search and rescue.

The quick reaction capability coupled with modern equipment and system ensures that the vessel responds to any maritime situation. With a crew of 12 personnel, C-448 is Commanded by Assistant Commandant Apoorva Sharma.

The Interceptor Boat will be based at Mangaluru. T. M. Vijaya Bhasker, Chief Secretary Karnataka, who commissioned the IB, said that the crew should discharge their duties faithfully and with courage. Anand Prakash Badola, Commander, Coast Guard Region ( West) and A.V. Ramana, Chairman, New Mangalore Port Trust, were present on the occasion.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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